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Multifamily Loans in
Gahanna, OH

Overview

Gahanna is located in a good market for 5+ unit multifamily loans. Multifamily loans in Gahanna are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Gahanna are competitive. Gahanna apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Gahanna.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Gahanna, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gahanna are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Gahanna may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Gahanna, OH

All major multifamily lender types are lending in Gahanna.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Gahanna Market

The city of Gahanna in Franklin County has a population of 35,483. The median rent in Franklin County for a 2 bedroom is $1,105. The median Gahanna resident is 40 years old with a yearly income of $41,755. The average family has 3.09 members and a median household income of $88,475. Gahanna has a 48% higher education rate. The unemployment rate in Gahanna is 2.4%.


Population
35,483 people

County
Franklin County

Renters

26.2% of Gahanna households are renters.


Rent Burden

24.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Franklin County 1
Ohio 2
National 2
Studio $768 $597 $737
1 bedroom $886 $662 $813
2 bedroom $1,105 $834 $1,015
3 bedroom $1,391 $1,084 $1,325
4 bedroom $1,574 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gahanna Demographics


Median Individual Income
$41,755 / year

Median Household Income
$88,475 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.4%
Household Income Distribution
Gahanna, OH

Median Age
40 years

Avg Family Size
3.09 people
Age Distribution
Gahanna, OH

College Education or Above
48%

STEM College Graduates
41%
Education Distribution
Gahanna, OH
Source: U.S. Census Bureau

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